Federated Hermes Max-Cap Index Fund Institutional Shares (FISPX)
| Fund Assets | 257.30M |
| Expense Ratio | 0.37% |
| Min. Investment | $1,000,000 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.68 |
| Dividend Yield | 8.34% |
| Dividend Growth | -30.60% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 16, 2026 |
| Previous Close | 8.20 |
| YTD Return | -3.55% |
| 1-Year Return | 18.18% |
| 5-Year Return | 65.89% |
| 52-Week Low | 6.64 |
| 52-Week High | 9.24 |
| Beta (5Y) | n/a |
| Holdings | 472 |
| Inception Date | Jul 11, 1990 |
About FISPX
Federated Hermes Max-Cap Index Fund Institutional Shares is a mutual fund designed to closely track the performance of the Standard & Poor’s 500 Index, a widely recognized benchmark representing the largest publicly traded companies in the United States. Its primary objective is to deliver investment results that generally correspond to the aggregate price and performance of the S&P 500, offering investors broad exposure to the U.S. large-cap equity market. The fund invests predominantly in common stocks of S&P 500 constituents and may also utilize derivative contracts to implement its strategy. With over 480 holdings, its portfolio reflects diverse sectors such as technology, healthcare, consumer goods, and financial services, with significant allocations to leading companies like Apple, Microsoft, and NVIDIA. The fund is structured for institutional investors, featuring a substantial minimum investment and a focus on efficient, low-cost index replication. As a large blend fund, it serves as a core holding for those seeking to mirror the overall performance and risk profile of the U.S. large-cap equity market through a passive investment approach.
Performance
FISPX had a total return of 18.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.19%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VINIX | Vanguard | Vanguard Institutional Index Fund Institutional Shares | 0.03% |
Top 10 Holdings
40.42% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.15% |
| Apple Inc. | AAPL | 6.34% |
| Microsoft Corporation | MSFT | 5.67% |
| E-mini S&P 500 Future Mar 26 | n/a | 3.95% |
| Federated Government Obligations Fund | GOFXX | 3.78% |
| Amazon.com, Inc. | AMZN | 3.50% |
| Alphabet Inc. | GOOGL | 2.87% |
| Broadcom Inc. | AVGO | 2.58% |
| Alphabet Inc. | GOOG | 2.30% |
| Meta Platforms, Inc. | META | 2.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 16, 2026 | $0.0174 | Mar 17, 2026 |
| Dec 15, 2025 | $0.6309 | Dec 16, 2025 |
| Sep 15, 2025 | $0.0186 | Sep 16, 2025 |
| Jun 16, 2025 | $0.0167 | Jun 17, 2025 |
| Mar 17, 2025 | $0.0188 | Mar 18, 2025 |
| Dec 16, 2024 | $0.0268 | Dec 17, 2024 |